Common use of Ratio of Total Funded Debt to EBITDA Clause in Contracts

Ratio of Total Funded Debt to EBITDA. The Borrower will not permit, as of the last day of any Rolling Period ending on or after the Effective Date, the ratio of Total Funded Debt as of such day to EBITDA for the Rolling Period ending on such day to be greater than (i) as of the last day of the Rolling Periods ending on June 30, 2014, September 30, 2014 and December 31, 2014, 4.50 to 1.0, (ii) as of the last day of the Rolling Period ending on March 31, 2015, 4.25 to 1.0, and (iii) as of the last day of each Rolling Period ending thereafter, 4.00 to 1.0.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Atlas Resource Partners, L.P.)

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Ratio of Total Funded Debt to EBITDA. The Borrower will not permit, as of the last day of any Rolling Period ending on or after the Sixth Amendment Effective Date, the ratio of Total Funded Debt as of such day to EBITDA for the Rolling Period ending on such day to be greater than (iA) as of the last day of the Rolling Periods ending on March 31, 2015, June 30, 2015, September 30, 2015, December 31, 2015, and March 31, 2016, 5.25 to 1.00, (B) as of the last day of the Rolling Periods ending on June 30, 20142016, September 30, 2014 2016, and December 31, 20142016, 4.50 5.00 to 1.01.00, (iiC) as of the last day of the Rolling Period ending on March 31, 20152017, 4.25 4.50 to 1.01.00, and (iiiD) as of the last day of each the Rolling Period ending thereafter, 4.00 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Atlas Resource Partners, L.P.)

Ratio of Total Funded Debt to EBITDA. The Borrower will not permit, as of the last day of any Rolling Period ending on or after the Effective DateJune 30, 2011, the ratio of Total Funded Debt as of such day to EBITDA for the Rolling Period ending on such day to be greater than (i) as of or, in the last day case of the Rolling Periods ending on June 30, 20142011, September 30, 2014 2011 and December 31, 20142011, 4.50 Annualized EBITDA) to 1.0, (ii) as of the last day of the Rolling Period ending on March 31, 2015, 4.25 to 1.0, and (iii) as of the last day of each Rolling Period ending thereafter, 4.00 be greater than 3.75 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Atlas Energy, L.P.)

Ratio of Total Funded Debt to EBITDA. The Borrower will not permit, as of the last day of any Rolling Period ending on or after the Effective Date, the ratio of Total Funded Debt as of such day to EBITDA (or, in the case of the Rolling Periods ending on or before December 31, 2013, Annualized EBITDA) for the Rolling Period ending on such day to be greater than (i) as of the last day of the Rolling Periods Period ending on June 30, 2014, September 30, 2014 and December 31, 20142013, 4.50 to 1.0, (ii) as of the last day of the Rolling Period Periods ending on December 31, 2013 and March 31, 20152014, 4.25 to 1.0, and (iii) as of the last day of each Rolling Period ending thereafter, 4.00 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Atlas Resource Partners, L.P.)

Ratio of Total Funded Debt to EBITDA. The Borrower will not permit, as of the last day of any Rolling Period ending on or after the Effective Date, the ratio of Total Funded Debt as of such day to EBITDA (or, in the case of the Rolling Periods ending on or before December 31, 2013, Annualized EBITDA) for the Rolling Period ending on such day to be greater than (i) as of the last day of the Rolling Periods ending on December 31,2013, March 31,2014 and June 30, 2014, September 30, 2014 and December 31, 2014, 4.50 to 1.0, (ii) as of the last day of the Rolling Period ending on March 31September 30, 20152014, 4.25 to 1.0, and (iii) as of the last day of each Rolling Period ending thereafter, 4.00 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Atlas Resource Partners, L.P.)

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Ratio of Total Funded Debt to EBITDA. The Borrower will not permit, as of the last day of any Rolling Period ending on or after the Effective DatePeriod, the ratio of Total Funded Debt as of such day to EBITDA for the Rolling Period ending on such day to be greater than (i) as of the last day of the Rolling Periods ending on or prior to June 30, 20142013, September 30, 2014 and December 31, 2014, 4.50 4.75 to 1.0, (ii) as of the last day of the Rolling Period Periods ending on March September 30, 2013 and December 31, 20152013, 4.25 4.50 to 1.0, and (iii) as of the last day of each Rolling Period ending thereafter, 4.00 4.25 to 1.0.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Atlas Resource Partners, L.P.)

Ratio of Total Funded Debt to EBITDA. The Borrower will not permit, permit as of the last day of any Rolling Period ending on or after the Effective DatePeriod, the ratio of Total Funded Debt as of such day to EBITDA for the Rolling Period ending on such day to be greater than (ia) as of the last day of the Rolling Periods ending on June or prior to September 30, 2014, September 30, 2014 and December 31, 2014, 4.50 to 1.04.50:1.0, (iib) as of the last day of the Rolling Period Periods ending after September 30, 2014 but on March 31or prior to September 30, 2015, 4.25 to 1.04.00:1.0, and (iiic) as of the last day of each Rolling Period ending thereafter, 4.00 to 1.0thereafter 3.50:1.0.

Appears in 1 contract

Samples: Credit Agreement (Atlas Energy, L.P.)

Ratio of Total Funded Debt to EBITDA. The Borrower will not permit, as of the last day of any Rolling Period commencing with the Rolling Period ending on or after the Effective DateMarch 31, 2017, the ratio of Total Funded Debt as of such day to EBITDA for the Rolling Period ending on such day to be greater than (i) as of the last day of the Rolling Periods ending on March 31, 2017 and June 30, 20142017, September 30, 2014 and December 31, 2014, 4.50 5.75 to 1.0, (ii) as of the last day of the Rolling Period ending on March 31, 2015, 4.25 to 1.0, and (iii) as of the last day of each Rolling Period ending thereafter, 4.00 to 1.0.1.00,

Appears in 1 contract

Samples: Credit Agreement (Atlas Resource Partners, L.P.)

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